Modine Manufacturing Co. (MOD) Sees Strong Trading Volume
Modine Manufacturing Co. (NYSE:MOD) shares saw unusually-high trading volume on Friday . Approximately 199,572 shares were traded during trading, an increase of 75% from the previous session’s volume of 113,995 shares.The stock last traded at $10.40 and had previously closed at $10.26.
Separately, Zacks Investment Research upgraded Modine Manufacturing from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Saturday, April 23rd.
The firm has a market capitalization of $496.92 million and a P/E ratio of 266.67. The firm’s 50 day moving average is $9.69 and its 200 day moving average is $9.86.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $347.20 million for the quarter, compared to the consensus estimate of $337.10 million. During the same period in the prior year, the business posted $0.14 earnings per share. Modine Manufacturing’s revenue was up .3% compared to the same quarter last year. Analysts predict that Modine Manufacturing Co. will post $0.84 EPS for the current fiscal year.
Modine Manufacturing Company is a developer, manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications and to a range of building, industrial and refrigeration markets. The Company specializes in thermal management systems and components.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.